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Guar seed futures rise on fresh bets

·1-min read

New Delhi, May 12 (PTI) Guar seed prices on Wednesday rose by Rs 48 to Rs 4,347 per 10 quintal in futures trade after speculators increased their positions driven by a firm trend at spot market.

On the National Commodity and Derivatives Exchange, guar seed for May contracts increased by Rs 48, or 1.12 per cent, to Rs 4,347 per 10 quintal with an open interest of 9,085 lots.

According to marketmen, raising of bets by speculators tracking a firm trend in spot market on thin supplies from growing belts mainly led to rise in guar seed prices here.

Guar seed for June delivery traded at Rs 4,396, up Rs 39, or 0.9 per cent per 10 quintal with an open interest of 64,805 lots. PTI SRS SHW SHW

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